An Hour Ago Gold prices soar to record high on hopes of Fed cut Gold prices extended their rally on Monday, scaling to a new record. The optimism was helped by U.S. interest rate cut expectations and bullion’s appeal as a safe haven asset. Spot gold added 1.32% to trade at $2,265.53 per ounce. U.S. … Read more
Fri, Mar 8 2024 11:52 AM EST Europe stocks close mixed Europe’s Stoxx 600 index closed flat on Friday, as positive momentum from the prior session faltered. France’s CAC 40 eked out a 0.15% gain while Germany’s DAX and the U.K.’s FTSE 100 fell 0.16% and 0.43%, respectively. See Chart… Stoxx 600 index. Fri, Mar … Read more
Traders work on the floor during morning trading at the New York Stock Exchange on March 6, 2024. Spencer Platt | Getty Images The U.S. Federal Reserve, meanwhile, is expected to begin cutting interest rates in June, potentially supplying a further boon to high-growth tech stocks. The sheer scale and narrow nature of the bull … Read more
A Chinese flag flutters on top of the Great Hall of the People ahead of the opening ceremony of the Belt and Road Forum (BRF), to mark 10th anniversary of the Belt and Road Initiative, in Beijing, China October 18, 2023. Edgar Su | Reuters That’s all led to questions over whether Beijing will step … Read more
“Vessel at anchor and all crew are safe,” the UKMTO said. Houthi militants later claimed the attack, with spokesperson Yahya Sare’e identifying the vessel as general cargo ship Rubymar and describing it as British. VesselFinder and MarineTraffic.com data indicate the ship sails under the flag of Belize. Houthi forces have previously said they are targeting … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on January 31, 2024 in New York City. Michael M. Santiago | Getty Images The so-called “Magnificent 7” now wields greater financial might than almost every other major country in the world, according to new Deutsche Bank research. The meteoric rise … Read more
My top 10 things to watch Friday, Feb. 9 1. Stock futures were slightly higher this morning after the S & P 500 briefly crossed 5,000 for the first time in intraday trading Thursday. The broad U.S. stock index is up nearly 5% this year, after gaining more than 24% in 2023. Meanwhile, bitcoin crossed … Read more
A trader reacts as a screen displays the Fed rate announcement on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 31, 2024. Brendan McDermid | Reuters The U.S. stock market is in a “very dangerous” spot as persistently strong jobs numbers and wage growth suggest the Federal Reserve’s … Read more
Wage growth also showed strength, as average hourly earnings increased 0.6%, double the monthly estimate. On a year-over-year basis, wages jumped 4.5%, well above the 4.1% forecast. The wage gains came amid a decline in average hours worked, down to 34.1, or 0.2 hour lower for the month. Job growth was widespread on the month, … Read more
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 19, 2024. Brendan Mcdermid | Reuters What instead has taken center stage is an economy performing remarkably well, inflation pulling back and a run of positive developments in Big Tech that has outweighed any what-ifs that the … Read more